UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
LASER MORTGAGE MANAGEMENT, INC.
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(Name of Issuer)
Common Stock, $.001 par value
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(Title of Class of Securities)
518 06 D100
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(CUSIP Number)
July 13, 2000
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13G
Laser Mortgage Management, Inc.
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CUSIP No. 51806D100 Page 2 of 10 pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Jay Buck
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES 30,000
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 869,500
REPORTING --------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 30,000
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
869,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
899,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.0%
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12 TYPE OF REPORTING PERSON*
IN
(Page 2 of 10 pages)
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SCHEDULE 13G
Laser Mortgage Management, Inc.
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CUSIP No. 51806D100 Page 3 of 10 pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Rockwood Asset Management, Inc.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 869,500
REPORTING --------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
869,500
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
869,500
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
(Page 3 of 10 pages)
<PAGE>
SCHEDULE 13G
Laser Mortgage Management, Inc.
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CUSIP No. 51806D100 Page 4 of 10 pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Rockwood Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 869,500
REPORTING --------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
869,500
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
869,500
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
(Page 4 of 10 pages)
<PAGE>
SCHEDULE 13G
Laser Mortgage Management, Inc.
--------------------------------------------------------------------------------
CUSIP No. 518 06 D100 Page 5 of 10 pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Demeter Asset Management, Inc.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 869,500
REPORTING --------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
869,500
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
869,500
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
(Page 5 of 10 pages)
<PAGE>
Item 1(a). Name of Issuer:
Laser Mortgage Management, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
c\o Mariner Mortgage Management, LLC
65 East 55th Street
New York, NY 10022
Item 2(a). Name of Person Filing:
This statement is filed by:
(i) Jay Buck ("Buck") with respect to the shares of Common Stock,
par value $.001 per share ("Common Stock") of Laser Mortgage Management, Inc.
(the "Company") owned directly by him and shares also beneficially owned by (a)
Rockwood Asset Management Inc., a Delaware corporation ("RAM"), of which Buck is
the sole stockholder, President and a director, and (b) Demeter Asset
Management, Inc., a Delaware corporation ("Demeter"), of which Buck is the sole
stockholder, President and a director;
(ii) RAM, with respect to the shares of Common Stock also
beneficially owned by Rockwood Partners, L.P. ("Rockwood Partners"), of which
RAM is the general partner; and
(iii) Rockwood Partners, with respect to the shares of Common Stock
owned directly by it.
(iv) Demeter Asset Management, Inc. ("Demeter"), with respect to the
shares of Common Stock also beneficially owned by Rockwood Partners, for which
Demeter serves as investment manager;
The foregoing persons are hereinafter collectively referred to as
the "Reporting Persons."
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal business office of each of the Reporting Persons is:
104 Field Point Road
Greenwich, Connecticut 06830
Item 2(c). Citizenship:
Buck is a United States citizen. RAM, Rockwood, and Demeter are
each organized under the laws of the State of Delaware.
Item 2(d). Title of Class of Securities:
Common stock, $.001 par value
Item 2(e). CUSIP Number:
518 06 D100
6
<PAGE>
Item 4. Ownership.
A. Buck
(a) Amount beneficially owned: 899,500
(b) Percent of class: 6.0%
(c) (i) Sole power to vote or direct the vote: 30,000
(ii) Shared power to vote or direct the vote: 869,500
(iii) Sole power to dispose or direct the disposition: 30,000
(iv) Shared power to dispose or direct the disposition: 869,500
B. RAM
(a) Amount beneficially owned: 869,500
(b) Percent of class: 6.0%
(c) (i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 869,500
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition: 869,500
C. Rockwood Partners
(a) Amount beneficially owned: 869,500
(b) Percent of class: 6.0%
(c) (i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 869,500
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition: 869,500
C. Demeter
(a) Amount beneficially owned: 869,500
(b) Percent of class: 6.0%
(c) (i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 869,500
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition: 869,500
Item 5. Ownership of Five Percent or Less of a Class.
n.a.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
n.a.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person.
n.a.
7
<PAGE>
Item 8. Identification and Classification of Members of the Group.
n.a.
Item 9. Notice of Dissolution of Group.
n.a.
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
8
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: July 24, 2000
/s/Jay Buck
-------------------------------
Jay Buck
ROCKWOOD ASSET MANAGEMENT, INC.
By: /s/Jay Buck
----------------------------
Jay Buck
President
ROCKWOOD PARTNERS, L.P.
By: Rockwood Asset Management, Inc.
General Partner
By: /s/ Jay Buck
----------------------------
Jay Buck
President
DEMETER ASSET MANAGEMENT, INC.
By: /s/Jay Buck
----------------------------
Jay Buck
President
9
<PAGE>
EXHIBIT INDEX
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Exhibits
1. Joint Filing Agreement, dated July 24, 2000, among Buck, RAM, Rockwood and
Demeter.
Page 10 of 10 pages
